LIQUIDATED DAMAGES FOR LATE COMPLETION. The parties agree that it would be extremely difficult and impracticable under the presently known facts and anticipated circumstances to ascertain and fix the actual damages that City and its residents would incur should Contractor fail to achieve Substantial Completion and/or Final Completion and readiness for final payment by the dates specified for each under the terms of this Agreement. Accordingly, the parties agree that should Contractor fail to achieve Substantial Completion by the date specified, then Contractor shall pay City, as liquidated damages and not as a penalty, the sum of NINE HUNDRED SIXTY-FOUR AND NO/100 DOLLARS ($964) per day for each calendar day of unexcused delay in achieving Substantial Completion beyond the date specified for Substantial Completion in the Contract Documents. After Substantial Completion, if Contractor shall neglect, refuse, or fail to complete the remaining work within the time specified in the Contract Documents for Final Completion and readiness for final payment or any proper extension thereof granted by City, Contractor shall pay City, as liquidated damages and not as a penalty, additional sum of TWO HUNDRED AND NO/100 DOLLARS ($200) per day for each calendar day of unexcused delay in achieving completion and readiness for final payment.
LIQUIDATED DAMAGES FOR LATE COMPLETION. 12.1 For the purposes of condition 6.8 (Liquidated damages) of the Conditions of Contract, liquidated damages for any delay in the completion of the Works or a Section shall be payable as follows:-
LIQUIDATED DAMAGES FOR LATE COMPLETION. The parties agree that it would be extremely difficult and impracticable under the presently known facts and anticipated circumstances to ascertain and fix the actual damages that City and its residents would incur should Contractor fail to achieve Final Completion and readiness for final payment by the dates specified for each under the terms of this Agreement. Accordingly, the parties agree that should Contractor fail to achieve Final Completion by the date specified, then Contractor shall pay City, as liquidated damages and not as a penalty, the sum of ONE HUNDRED AND NO/100 DOLLARS ($100) per day for each calendar day of unexcused delay in achieving Final Completion beyond the date specified for Final Completion in the Contract Documents.
LIQUIDATED DAMAGES FOR LATE COMPLETION. The parties agree that it would be extremely difficult and impracticable under the presently known facts and anticipated circumstances to ascertain and fix the actual damages that City and its residents would incur should Contractor fail to achieve Substantial Completion and/or Final Completion and readiness for final payment by the dates specified for each under the terms of this Agreement. Accordingly, the parties agree that should Contractor fail to achieve Substantial Completion by the date specified, then Contractor shall pay City, as liquidated damages and not as a penalty, the sum of ONE THOUSAND,
LIQUIDATED DAMAGES FOR LATE COMPLETION. 25 11.1 Liquidated Damages for Defined Events 25 11.2 No Duplicate Recovery 25 11.3 Not used 25 11.4 Measurement of Delay for Purposes of Liquidated Damages 25 11.5 Measurement for Purposes of Early Completion Bonuses 25 11.6 Liquidated Damages and Early Completion Bonuses 26 11.7 Maximum Liquidated Damages 28 12 CONTRACTOR’S BID IN ESCROW 28 12.1 Process 28 12.2 Escrow Agreement. 29 12.3 Authorized Access 29 APPENDIX 11-1 SCHEDULE OF PRICES AND ESTIMATED QUANTITIES APPENDIX 11-2 MEASUREMENT AND PAYMENT APPENDIX 11-3 FORM OF PAYMENT APPLICATION – SCHEDULE OF VALUES APPENDIX 11-4 FORM OF PERFORMANCE BOND APPENDIX 11-5 FORM OF LABOUR & MATERIAL PAYMENT BOND APPENDIX 11-6 FORM OF LETTER OF CREDIT APPENDIX 11-7 FORM OF PARENT COMPANY GUARANTEE APPENDIX 11-8 FORM OF ENVIRONMENTAL COMPLIANCE STATEMENT APPENDIX 11-9 FORM OF STATUTORY DECLARATION APPENDIX 11-10 SAMPLE ESCALATION CALCULATIONS GENERATING STATION AND SPILLWAYS CIVIL WORKS CONTRACT SCHEDULE 11 PRICES AND PAYMENT
LIQUIDATED DAMAGES FOR LATE COMPLETION. 8.1 In the event that the Satellite is not completed in accordance with the Completion Schedule in Clause 4.2, taking into account the number of days of excusable delay, if any, under Clause 15.1, or delays attributable to AsiaSat, if any, the Contract price shall be reduced by up to a cumulative maximum of [o] as follows: [o] per day for each day of delay for days [o] and [o] per day for each day of delay for days [o].
LIQUIDATED DAMAGES FOR LATE COMPLETION. The parties agree that it would be extremely difficult and impracticable under the presently known facts and anticipated circumstances to ascertain and fix the actual damages that City and its residents would incur should Contractor fail to achieve Substantial Completion and/or Final Completion and readiness for final payment by the dates specified for each individual project under the terms of this Agreement. Accordingly, the parties agree that should Contractor fail to achieve Substantial Completion by the dates specified on each City-issued Notice to Proceed, then Contractor shall pay City, as liquidated damages and not as a penalty, the daily sum given in the schedule below based on individual project cost for each calendar day of unexcused delay in achieving Substantial Completion beyond the date specified for Substantial Completion for each individual project in the City-issued Notice to Proceed: Individual Project Cost Liquidated Damages $50,000 and under $956 Over $50,000 but less than $250,000 $964 After Substantial Completion, if Contractor shall neglect, refuse, or fail to complete the remaining work within the time specified in the Contract Documents for Final Completion and readiness for final payment or any proper extension thereof granted by City, the amount set forth for Liquidated Damages shall continue to be at the rate(s) specified above until final completion is attained.
LIQUIDATED DAMAGES FOR LATE COMPLETION. The parties agree that it would be extremely difficult and impracticable under the presently known facts and anticipated circumstances to ascertain and fix the actual damages that City and its residents would incur should Contractor fail to achieve Substantial Completion and/or Final Completion and readiness for final payment by the dates specified for each under the terms of this Agreement. Accordingly, the parties agree that should Contractor fail to achieve Substantial Completion by the date specified, then Contractor shall pay City, as liquidated damages and not as a penalty, the sum of ONE THOUSAND, SIX HUNDRED NINETY-FOUR AND NO/100 DOLLARS ($1,694) per day for each calendar day of unexcused delay in achieving Substantial
LIQUIDATED DAMAGES FOR LATE COMPLETION. The parties agree that it would be extremely difficult and impracticable under the presently known facts and anticipated circumstances to ascertain and fix the actual damages that City and its residents would incur should Contractor fail to achieve Substantial Completion and/or Final Completion and readiness for final payment by the dates specified for each under the terms of this Agreement. Accordingly, the parties agree that should Contractor fail to achieve Substantial Completion by the date specified, then Contractor shall pay City, as liquidated damages and not as a penalty, the sum of EIGHT HUNDRED EIGHTY-
LIQUIDATED DAMAGES FOR LATE COMPLETION
